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In his first week as comptroller, Brian Brooks calls for local and regional leaders to weigh the risks of lockdown on banks
Plus: Provident Bank merger with SB One Bank approved; shareholders approve Wayne Bank-USNY Bank merger; Charles Schwab buys USAA’s investment arm
Payments firms Paiblock and ACI Worldwide have launched new services for banking customers to help them adapt to a post-COVID-19 world
Major appointments this month involved Discover, Wells Fargo, JP Morgan Chase, Sterling Bank & Trust, Pacific Mercantile Bank, Home Bank and Fifth Third
The impact of the COVID-19 pandemic has heavily impacted the two banks’ plans to combine operations
The Switzerland-headquartered bank is spending hundreds of millions of dollars to digitize its operations
Agriculture sector support comes through the same CARES Act legislation as the Paycheck Protection Program
The PPP and related changes to operations could reshape some areas of the banking sector, says PwC
Also, Cambridge Bank has received regulatory approvals for its delayed purchase of Wellesley Bank
Less than a quarter of homeowners in forbearance have managed to make payments for May, according to fintech firm Black Knight
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Dana Weinstein,
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Dana Weinstein is Head of Product at Tesser, bringing eight years of experience building payments products across US domestic and cross-border rails.

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